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  • Joe Brandon is working with former US Treasury Department official Dan Jester on his consortium approach for Transatlantic Re, according to reports.
  • Mark Byrne's tender offer to Omega's investors of up to 83p per share will remain open until 1pm on 30 November according to the official offer document that has now been despatched to Omega shareholders.
  • Xchanging, the outsourcing company responsible for much of the London market's back office claims processing, has put its ill-fated investment in Cambridge Integrated Services Group (CISG) behind it after placing its remaining assets into voluntary insolvency.
  • Fitch Ratings says Italian insurers have strong credit fundamentals as the agency maintained a stable rating outlook on the sector despite concerns about Italy's credit standing
  • The US Securities and Exchange Commission (SEC) is considering sanctioning Standard & Poor's (S&P) for allegedly violating federal securities laws
  • Long-term Omega bidder Canopius has revealed that its final due diligence should be complete by 30 September, with a formal offer following in short order
  • The Insurance Insider's revelation earlier today that Joe Brandon is leading an approach to buy the in-play Transatlantic Re signals a remarkable comeback that would have seemed unthinkable three years ago.
  • UK retail and wholesale broker Cobra Holdings has agreed to sell some of its business operations in Caterham and Alton to ASG Risk Management, a subsidiary of Aston Scott Group
  • Investors led by former General Re CEO Joe Brandon constitute the "third party" that Transatlantic Re has entered into a confidentiality agreement and commenced due diligence with, The Insurance Insider can reveal
  • AIG lost its place at the top of the surplus lines industry rankings to Lloyd's last year in terms of direct premiums written (DPW), according to AM Best.